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Despite cull, hog farms might not see profits soonDES MOINES, Iowa (AP)--Hog farms are trimming their herds, but analysts say it may take producers until next spring to regain profitability. The U.S. Department of Agriculture reported on Sept. 25 that farms reduced their breeding hogs in June, July and August by 3 percent from a year ago and 1 percent from the previous quarter. The cutback is expected to lead to a reduction in the number of hogs being slaughtered in 2009, pushing up prices. Iowa State University Agricultural Economist John Lawrence says that prices should rise eventually--but that it may take until spring before anyone can get back to break even levels. Lawrence says he expects prices to top the break-even point, about 60 cents per pound, during the second and third quarters of next year. 10/20/08 Date: 10/15/08 Advertisement
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